Oxford Industries (NYSE:OXM) Issues FY 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.000-0.200 for the period, compared to the consensus estimate of 1.090. The company issued revenue guidance of $310.0 million-$325.0 million, compared to the consensus revenue estimate of $352.5 million. Oxford Industries also updated its FY25 guidance to $7.00-7.30 EPS.

Oxford Industries Stock Performance

Shares of OXM stock traded up $0.29 on Wednesday, reaching $83.66. The stock had a trading volume of 828,349 shares, compared to its average volume of 246,889. Oxford Industries has a 12 month low of $80.83 and a 12 month high of $113.88. The firm’s 50-day moving average is $93.59 and its two-hundred day moving average is $101.20. The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 33.85 and a beta of 1.53.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, June 12th. The textile maker reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.04). The business had revenue of $398.18 million for the quarter, compared to the consensus estimate of $404.81 million. Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. Oxford Industries’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.78 EPS. On average, research analysts expect that Oxford Industries will post 8.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OXM has been the topic of a number of research reports. Telsey Advisory Group reiterated a market perform rating and set a $110.00 target price on shares of Oxford Industries in a research report on Thursday, September 5th. Citigroup cut their price objective on Oxford Industries from $94.00 to $92.00 and set a sell rating for the company in a report on Thursday, June 13th. Finally, UBS Group reduced their target price on shares of Oxford Industries from $101.00 to $91.00 and set a neutral rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Oxford Industries currently has a consensus rating of Hold and a consensus target price of $100.60.

Insider Activity

In other news, EVP Thomas E. Campbell sold 17,540 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $99.91, for a total value of $1,752,421.40. Following the completion of the sale, the executive vice president now directly owns 24,865 shares of the company’s stock, valued at approximately $2,484,262.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.70% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.